Warren Buffett's Berkshire Hathaway will spend $142 million in cash buying 63 of Media General's daily and weekly newspapers, along with their commercial printing businesses.Former paperboy and current Omaha billionaire Warren Buffett is throwing the weight of Berkshire Hathaway Inc.

This post Warren Buffett’s Confession appeared first on Daily Reckoning.
Back in 1964, Buffett bought a struggling New England textile maker called Berkshire Hathaway.
At the time, it had an accounting net worth of $22 million.
After analyzing the financial statements, Buffett concluded the company was worth way more.

Warren Buffett consistently advocates for higher taxes. Recently, he called for higher taxes on people making $250k+/year.
Is Warrent Buffett a swell guy? Is it enlightened self-interest?
This post had an interesting quote.

In an interview with CNBC on Monday, billionaire investor Warren Buffett explained why his investment company Berkshire Hathaway offloaded a multi-billion dollar stake in the multinational energy giant Exxon Mobil Corp (NYSE:XOM).
Mr. Buffet, Berkshire CEO said that he sold the Exxon stake because the fund “might have other uses for the money,” referring to potential acquisitions and share purchases.